Amentum (NYSE:AMTM) Raised to “Buy” at Wall Street Zen

Amentum (NYSE:AMTM) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently issued reports on AMTM. UBS Group upped their target price on shares of Amentum from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Citigroup reissued an “outperform” rating on shares of Amentum in a research note on Monday, January 12th. Morgan Stanley upgraded Amentum from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $20.00 to $35.00 in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amentum in a research note on Monday, December 29th. Finally, Royal Bank Of Canada boosted their target price on Amentum from $30.00 to $35.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 11th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amentum has an average rating of “Hold” and a consensus price target of $34.91.

Amentum Trading Down 0.2%

AMTM stock opened at $27.94 on Friday. The firm has a fifty day moving average price of $32.59 and a 200 day moving average price of $27.81. Amentum has a fifty-two week low of $16.01 and a fifty-two week high of $38.11. The firm has a market cap of $6.82 billion, a PE ratio of 69.85, a price-to-earnings-growth ratio of 0.82 and a beta of 0.25. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.42 and a current ratio of 1.42.

Amentum (NYSE:AMTM) last released its quarterly earnings results on Monday, February 9th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Amentum had a net margin of 0.69% and a return on equity of 11.56%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.32 billion. The business’s revenue was down 5.2% on a year-over-year basis. Amentum has set its FY 2026 guidance at 2.250-2.450 EPS. Sell-side analysts anticipate that Amentum will post 2.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Legacy Advisors LLC purchased a new stake in shares of Amentum in the fourth quarter valued at approximately $284,614,000. Focus Partners Wealth raised its position in Amentum by 8,467.6% during the 4th quarter. Focus Partners Wealth now owns 2,794,417 shares of the company’s stock valued at $81,038,000 after purchasing an additional 2,761,801 shares in the last quarter. Invesco Ltd. raised its position in Amentum by 13.0% during the 3rd quarter. Invesco Ltd. now owns 22,116,835 shares of the company’s stock valued at $529,698,000 after purchasing an additional 2,539,594 shares in the last quarter. Norges Bank purchased a new stake in shares of Amentum in the 4th quarter worth $66,529,000. Finally, Primecap Management Co. CA grew its position in shares of Amentum by 19.6% during the 2nd quarter. Primecap Management Co. CA now owns 12,030,656 shares of the company’s stock worth $284,044,000 after buying an additional 1,969,067 shares in the last quarter. Institutional investors own 39.93% of the company’s stock.

Amentum Company Profile

Amentum is a government services provider specializing in mission-critical solutions for defense, federal civilian and commercial customers around the globe. The company delivers integrated services that span the full lifecycle of complex programs and facilities, including engineering, program and project management, logistics, operations, maintenance and environmental remediation.

Core offerings include infrastructure support, energy and facilities management, environmental solutions and nuclear services.